ParaBlu was founded by Anand Prahlad and Ananda Rao Ladi, and provides secure cloud based storage facility to enterprises, enabling them to store business assets on cloud. Anand Prahald is the former Managing Director of McAfee India center while Ananda Rao Ladi was senior vice president of software firm Mindtree.

“ParaBlu was founded with the singular vision of being the security vendor of choice for all enterprise data outside the firewall,” said Prahlad, President, ParaBlu.

Kstart was launched on 5th February 2016 and is a unique seed program that will empower the next generation startups and accelerate disruptive ideas to become market leading companies. Apart from ParaBlue Kstart invested in customer engagement platform Active.ai, finance platform for healthcare services Affodplan, and web video streaming Indee. ParaBlu is the 4th company in its portfolio. Kalaari plans to invest about $20 million (about Rs 135 Cr) as part of KStart in up to 40 startups over the next two years.

To strengthen their initiative of KStart, Kalaari Capital announced key additions to the leadership team. Kstart added Muthiah Venkateswaran as Partner. Kalaari has a portfolio of 88 companies that include CreditVidya, YourStory, UrbanLadder, Snapdeal, Myntra, and more. It has raise around $497M in funds.

RightScale 2016 state of cloud reports show that cloud adoption is increasing. Cloud users are running applications in an average of 1.7 times on cloud. 31 percent increase in enterprises running more than 1,000 VMs, up from 22 percent in 2015. Now the number one challenge is not security but to find resources that can work on it.

Soon every piece of data will be deployed on cloud and data protection on cloud players will be in demand. In such a case ParaBlu’s growth will lead to two options. Either it will be acquired by large internet giants like Google or work towards the next big disruptive idea to compete with it.

Startups generally celebrate every small reason, But if the reason is about a milestone achievement then it makes a big difference. This victorious path is not an easier one and we have faced and surpassed many challenges in the last few months to meet our target of half a million visitors. While our ambition is a much bigger number, the target we achieved was planned towards the end of the financial year and our team made it possible 4 months in advance.

Indeed a great effort by Shishir Kumar and the entire team and a special thanks to the avid readers of IndianCEO for following us. IndianCEO is indeed my first bet in to media business and believe me this is just the beginning. Early next year we have some great product announcements and our next milestone is not far away.